The Albanese government’s targets of a 43% reduction in carbon emissions by 2030 and ‘net zero’ by 2050 are already looking dead in the water.
![Australian carbon emissions](https://api.macrobusiness.com.au/wp-content/uploads/2023/10/Australian-net-carbon-emissions.png)
The climate targets were legislated in one of the first acts of the newly elected Albanese government last year.
The 2030 emissions target was based on achieving an 82% renewable energy penetration by 2030, from around 35% now.
Advertisement